Government Spending in Macedonia increased to 28133 MKD Million in the fourth quarter of 2019 from 25093 MKD Million in the third quarter of 2019.

Government Spending in Macedonia averaged 19831.57 MKD Million from 2003 until 2019, reaching an all time high of 28133 MKD Million in the fourth quarter of 2019 and a record low of 11939 MKD Million in the first quarter of 2003. This page provides - Macedonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Spending - values, historical data and charts - was last updated on June of 2020.

Government Spending in Macedonia is expected to be 25748.00 MKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Macedonia to stand at 28752.00 in 12 months time. In the long-term, the Macedonia Government Spending is projected to trend around 29240.00 MKD Million in 2021 and 30030.00 MKD Million in 2022, according to our econometric models.

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Macedonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
28133.00 25093.00 28133.00 11939.00 2003 - 2019 MKD Million Quarterly
Current Prices, NSA

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 39.50 57.20 20.50 percent [+]
Government Budget -1.80 -2.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -4716.00 -3103.00 4291.00 -11373.00 MKD Million [+]
Government Spending 28133.00 25093.00 28133.00 11939.00 MKD Million [+]
Government Revenues 14241.00 15160.00 20711.00 6756.00 MKD Million [+]
Government Debt 4344.40 4302.30 4344.40 1387.00 EUR Million [+]
Fiscal Expenditure 18957.00 18263.00 26878.00 6855.00 MKD Million [+]
Military Expenditure 109.00 112.00 370.00 102.00 USD Million [+]
Credit Rating 45.00 [+]


Macedonia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.